Catalytic Climate Finance Facility Second Call for Applications

Name of the entity
Catalytic Climate Finance Facility (CC Facility)
Type of Support Provider
Multilateral
Close Date
Climate Objective
Cross-cutting
Eligible to submit a proposal
Non-state actors (e.g., academic/research institutions, non-profits, etc.)
Private companies
Co-financing Requirement
No
Consortium Requirement
No
Funding Amount
USD 500,000
Call Summary
The Catalytic Climate Finance Facility (CC Facility) has launched its second call for applications, offering market-ready blended climate finance vehicles an opportunity to secure up to USD 500,000 in grant funding and receive 12-18 months of acceleration support services.

Applicants may submit concept notes on the CC Facility website until April 24, 2024. Perspective applications can also register for an informational webinar on April 3, 2024, to learn about the CC Facility and its new call for applications: https://www.convergence.finance/news-and-events/events/34aPboVOCvGhwuZaaoaoPF/view
Eligibility Criteria
Applications will be assessed based on a set of qualifying characteristics and key evaluation criteria:

- Investment theme: Structures addressing climate adaptation and/or mitigation
- Sectors: No restriction
- Geography: Developing countries
- Stage: Market-ready structures moving through an initial adoption stage in their development process
- Team & local capacity: Proven track record and experience in targeted sector and geography, capacity and willingness to engage with the CC Facility program, and on-the-ground presence. Additionally, structures will be assessed on their ability to demonstrate local capacity development (e.g., knowledge, leadership, and technology transfer) in the target geography.
- Entity type: Organizations or a consortium of organizations, including advisory firms, foundations, not-for-profits, fund managers, and private enterprises.

Furthermore, the CC Facility will evaluate eligible applications based on criteria including additionality, catalytic potential, financial sustainability, gender equality, and mobilization.